Italy: Exemption from social security contributions to reduce the labor costs of private employers (COVID-19)

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Description

On 14 July 2021, the European Commission approved a EUR 878.4 million (USD 10.3 billion) tax relief scheme from Italy. The aid will support all businesses from all sectors (with a few exceptions) irre...

Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

14 Jul 2021

Revocation date

31 Oct 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

Affected Products

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